Solana is currently trading at $168.94 with a minor dip of 1.84% in the last 24 hours, as the trading volume decreased by 20.36%, signaling a cooling-off period.
Analysts see an optimistic outlook for Solana's chart, with a consolidation pattern forming above $165 levels, supported by a positive RSI and MACD indicators.
Strong support is established at $167 with low ADX reading, recommending long entries above $172 with target prices of $176 and $182 for traders.
Solana price predictions for 2025 suggest a potential to cross $294.33 and reach levels of $335.78 to $372.21, mainly driven by further adoption and ecosystem development.
Solana's partnership with Chainlink Labs aims to support decentralized app startups through the 'Build on Solana' program, leveraging Solana's infrastructure and Chainlink's oracles for Web3 growth.